L&T, Tata Power, Jet Airways, Biocon and other stocks that are in focus on December 3

Dec 3, 2021

By: bhakti.makwana@timesinternet.in

Credit: BCCL

Larsen & Toubro

L&T and renewable energy company ReNew announced a partnership to focus on the Green Hydrogen business in India for an investment of more than $60 billion.

Credit: BCCL

Jet Airways

BloombergQuint reported that the airline is in talks with planemakers Boeing Co and Airbus SE for an order worth $12 billion.

Credit: BCCL

Tata Power

Tata Power has reportedly collaborated with ama Stays & Trails, a unit of Indian Hotels Company, to set up EV charging stations at over 30 of its villas and heritage bungalows across 11 destinations.

Credit: BCCL

Reliance Capital

Reserve Bank of India has filed applications for initiation of corporate insolvency resolution process against Reliance Capital.

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Biocon

The pharma company’s subsidiary Biocon Pharma has received an approval of its abbreviated new drug applications (ANDA) for Mycophenolic Acid from the US drug regulator.

Credit: Meghmani Finechem

Meghmani Finechem

Ratings agency Crisil has upgraded the rating of the company to Crisil AA-/Stable attributing steady revenue growth, healthy operating margin, good demand prospect and improving financial risk profile.

Credit: Meghmani Finechem

ABB India

The company has sold its mechanical power transmission division to Dodge Industrial India for a consideration of ₹44.58 crore.

Credit: ABB India

Vodafone Idea

The Economic Times reported today that the telecom operator has filed an application with the Indian government to settle its tax dispute under the retrospective law.

Credit: BCCL

IPO Watch

Second day to subscribe to Anand Rathi. Star Health Insurance has reportedly cut some shares in the offer for sale after a poor response to the IPO.

Credit: BCCL

Infosys, Raymond, Tata Power, Maruti Suzuki and other hot stocks to watch out for on December 2